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3 tips for buying auto insurance online


When shopping for auto insurance, you need to be prepared. We’ve put together the best tips for buying auto insurance online. (iStock)

Buying auto insurance online is about as easy as buying anything else. Not only does the ability to shop from any device make it convenient, but you can also compare quotes with a wider range of options when shopping online.

In fact, Credible makes it easier to shop for cars online, giving users an overview of potential coverage options and the ability to compare quotes online for free. Visit Credible today to get started.

Once you’ve made your purchase, you can usually expect immediate coverage. As with everything, there are some best practices that will help someone through the process of buying auto insurance online. Here are three tips to follow when starting your research.

  1. Find out the auto insurance coverage you need
  2. Compare quotes
  3. Organize your information and be honest about your case

1. Find out the auto insurance coverage you need

First of all, auto insurance requirements vary by state and buyers need to do their homework and choose the right auto insurance coverage. The amount of coverage you need may also depend on other factors such as your assets, other insurance, and the type of vehicle covered. Here are six common coverage and policy options to consider when you start shopping:

  • Responsibility: Mandatory in most states, drivers must purchase the minimum amount of automobile liability coverage determined by state law. Automobile liability coverage can be divided into two parts: liability for bodily injury and liability for property damage.
  • Uninsured and underinsured motorist: This type of coverage protects you if you are struck by a driver who does not have adequate insurance to cover the cost of damage. This could cover medical bills or damage to your vehicle. This is required in some states, but not all.
  • Full: This coverage provides protection against theft or damage to your vehicle other than a collision. This is usually optional, unless required by your lender.
  • Collision: If you’re in an accident involving another vehicle or hit an object like a tree or pothole, collision coverage helps pay to repair or replace your vehicle up to its cash value. Collision coverage is not required by state law, but it may be required by your lender.
  • Medical payments: Mandatory in some states, medical expense coverage pays for the treatment of injuries sustained by the driver or passengers of the insured vehicle.
  • Protection against injuries: Personal Injury Protection (PIP) is not available in all states. It can cover medical costs from an accident and other expenses such as loss of income. This may be necessary in some states where it is available.

There are additional options available for your auto insurance policy. This is why potential buyers should shop around and do some research. You can explore the prices and find the right auto insurance plan that fits your needs on Credible.


2. Compare quotes

Every auto insurance company has a formula for calculating auto insurance rates, which is why potential buyers should compare quotes. You could pay a lot less with one company than with another for the exact same coverage plan.

Comparing multiple insurance quotes can save you hundreds of dollars a year. And, it’s so easy to get a free quote in minutes through Credible’s partners here.

When you start to compare, be sure to:

  • Compare at least three quotes online.
  • Compare quotes with the same types and levels of coverage.
  • Understand the coverage limits and check that each policy has similar deductibles and limits.

Once you’ve compared the rates, choose the auto insurance policy that best matches your needs, your finances, and the state’s requirements.


3. Organize your information and be honest about your case

The provider will need certain personal information for an accurate rate when purchasing auto insurance online. Here’s what you should have on hand:

  • Personal informations: This is information about each driver covered by the policy. The provider typically asks for age, address, a valid driver’s license number, and coverage start date.
  • Vehicle details: You will be asked for the make, model and year of the car along with the Vehicle Identification Number (VIN), how many kilometers it will be driven each year and whether it is refunded, leased or funded.
  • Driving record: Insurance companies want to know about tickets or infractions within a specific timeframe and how long you have had a valid driver’s license.

Giving false information or withholding important details to lower your rates could result in denial of coverage, loss of your policy, fines, higher premium, or legal action. If you want your claim paid if something should happen, be sure to be honest with your insurer. When you have your information prepared, you can compare auto insurance companies and shop for their plans through Credible.


The bottom line

When you are in the auto insurance market, the importance of shopping around and comparing cannot be overstated. Comparing quotes is important, but it can take time. With Credible Partners, you can eliminate the tedious part of your search.

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